"Weaker recovery is projected for Mass.; State economy may be as vulnerable as rest of US, revised data suggest" by Megan Woolhouse, Globe Staff / April 8, 2011
Massachusetts faces a best case scenario of a “disappointingly slow’’ recovery, a radically changed view of the trajectory of a state economy that was once thought to be outpacing the nation’s, according to the assessment of economists from several local universities and the Federal Reserve Bank of Boston.
Translation: You were being lied to.
This bleaker assessment of economic conditions, released yesterday by the University of Massachusetts, follows recent revisions of employment data by the Labor Department showing the state did not add as many jobs emerging from the recession as first thought and was not at the forefront of the nation’s recovery.
Related: Boston Globe Business Pages Are Nothing But Bulls***!
I thought the smell was familiar.
The revised data show the state added just 28,000 jobs over the past year, compared to initial estimates of about 45,000, a pace more in line with the slow national recovery. While the revisions also showed that the state’s recession was not as deep as first thought, the weaker rebound makes the state more vulnerable to shocks weighing on the national recovery, the economists said.
Oh. now the Grand Depression was not that bad. What a bunch of incorrigible liars.
They warned that a slow recovery could be derailed by a variety of factors, from spreading turmoil in the Middle East, to a worsening of the European debt crisis, to sharp spending cuts and layoffs in state and local government....
More like NO RECOVERY for MOST, and ANYTHING is the CULPRIT other than the private central bankers and their gross mismanagement of the economy.
The rest of the article is spent telling you how good the economy is, can you believe it?
--more--"
Of course, the agenda-pushing aspect of the report is to prepare you for further failure in the economy and cover their lying asses. And look what I found with a flip of the page:
"The economic recovery keeps defying expectations and getting stronger. Robust consumer spending in March is the latest sign that the rebound is entering a self-reinforcing cycle of improvement....
--more--"
Yeah, I thought I smelled something familiar.
More agenda-pushing reinforcement:
Mass. job fair canceled because of lack of jobs
Surge in jobs fuels economic optimism
Despite the job gains of recent months, the economy has only begun to recover from the recent recession, considered the worst since the Great Depression.
And here we have been told for eight quarters or o the recession was over.
The nation lost nearly 9 million jobs in the downturn, and so far has regained just 1.4 million of those jobs since the labor market began its rebound late last year.
I was told it was 8 million as we began recovery. If we were still losing jobs, it was not a recovery.
Not all the news in yesterday's report was good.
That's why you will find these quotes right near the end of the agenda-pushing piece.
Despite recent job growth, long-term unemployment increased.
Meaning people who were put out of work remain out of work.
At this point I thought I would go through the two months worth of unread Globe's sitting on the table and write down all the lying links to post in this spot, and then I thought "Why bother?"
Nation girds for a shutdown
The federal government began warning its scientists, park employees, tax collectors, environmental enforcers, and hundreds of thousands of other employees yesterday to prepare to be furloughed as negotiations among congressional leaders and President Obama continued to sputter.
State’s federal employees brace for bumpy times
Officials at the National Active and Retired Federal Employees Association, a Washington-based advocacy group, said about 25 percent of the state’s federal employees are unlikely to receive paychecks if the government closes.
Didn't I tell you I was going to budget my time?
